Sumitomo Finance International Selects Summit For Bonds Risk


Sumitomo Finance International (SFI), the London-based bonds trading subsidiary of Japan's Sumitomo Bank, has signed up for a suite of risk management applications from Summit Systems.

The first of these - a middle office value-at-risk (VAR) engine - has already gone live in London, less than three months after SFI decided on Summit. The securities house now plans to roll out the system globally, say SFI officials.

The Summit VAR system at SFI covers a variety of markets, including fixed income